Capital Performance Advisors LLP Buys Shares of 2,185 Robinhood Markets, Inc. (NASDAQ:HOOD)

Capital Performance Advisors LLP purchased a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 2,185 shares of the company’s stock, valued at approximately $51,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new position in Robinhood Markets during the first quarter worth about $34,000. Nordea Investment Management AB lifted its stake in Robinhood Markets by 15.1% in the 1st quarter. Nordea Investment Management AB now owns 33,852 shares of the company’s stock valued at $679,000 after purchasing an additional 4,447 shares during the last quarter. Quantbot Technologies LP bought a new position in Robinhood Markets in the 1st quarter valued at approximately $521,000. Empowered Funds LLC bought a new stake in shares of Robinhood Markets during the first quarter worth $262,000. Finally, SG Americas Securities LLC increased its holdings in shares of Robinhood Markets by 62.5% during the first quarter. SG Americas Securities LLC now owns 283,684 shares of the company’s stock worth $5,711,000 after buying an additional 109,059 shares in the last quarter. 93.27% of the stock is currently owned by institutional investors.

Insider Activity

In other Robinhood Markets news, Director Meyer Malka sold 3,225,806 shares of the firm’s stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $25.07, for a total value of $80,870,956.42. Following the completion of the sale, the director now directly owns 29,357,336 shares in the company, valued at approximately $735,988,413.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Robinhood Markets news, Director Meyer Malka sold 3,225,806 shares of the stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $25.07, for a total value of $80,870,956.42. Following the transaction, the director now owns 29,357,336 shares in the company, valued at approximately $735,988,413.52. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $19.33, for a total value of $241,625.00. Following the completion of the sale, the insider now directly owns 1,045,068 shares of the company’s stock, valued at $20,201,164.44. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,854,493 shares of company stock worth $118,173,265 in the last quarter. 19.95% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Piper Sandler raised their price objective on Robinhood Markets from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Monday, October 21st. JPMorgan Chase & Co. lifted their price target on Robinhood Markets from $17.00 to $21.00 and gave the company an “underweight” rating in a research note on Thursday, October 17th. Morgan Stanley upped their price objective on Robinhood Markets from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Bank of America lifted their target price on shares of Robinhood Markets from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Finally, The Goldman Sachs Group decreased their price target on shares of Robinhood Markets from $25.00 to $22.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Robinhood Markets currently has an average rating of “Hold” and an average target price of $25.17.

Robinhood Markets Trading Up 4.0 %

Shares of Robinhood Markets stock opened at $30.54 on Friday. The business has a 50-day moving average price of $24.17 and a two-hundred day moving average price of $21.80. Robinhood Markets, Inc. has a 1-year low of $7.91 and a 1-year high of $30.63. The company has a market cap of $27.00 billion, a P/E ratio of 51.76, a PEG ratio of 0.72 and a beta of 1.84.

Robinhood Markets (NASDAQ:HOOD) last released its earnings results on Wednesday, October 30th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.01). Robinhood Markets had a return on equity of 7.52% and a net margin of 21.80%. The business had revenue of $637.00 million for the quarter, compared to analyst estimates of $660.53 million. During the same period in the prior year, the business earned ($0.09) EPS. The company’s revenue for the quarter was up 36.4% on a year-over-year basis. Equities research analysts forecast that Robinhood Markets, Inc. will post 0.71 EPS for the current fiscal year.

Robinhood Markets Company Profile

Robinhood Markets, Inc operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), American depository receipts, options, gold, and cryptocurrencies. The company offers fractional trading, recurring investments, fully-paid securities lending, access to investing on margin, cash sweep, instant withdrawals, retirement program, around-the-clock trading, and initial public offerings participation services.